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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Office buildings
247 Commercial St, Rockport, ME 04856-5909
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US42-0527368
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
6,114 SF
Lot
2.53 ac (110,207 SF)
APN
ROCT M:027 B:173
UPID
US42-0527368
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Authentic Pilates Gym & Fitness Center
-
Hair Etc Hair Salon Nail Salon
-
Anthony Lee O.D. & Associates Eyecare, P.A. Physician
-
Realty Resources Chartered Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$880k
Blend (final)
Blend
$1.06M
Owner & transaction history
Fox Rdg Office Owner LLC · 1 yrs held
Fox Rdg Office Owner LLC
since 2025
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$820,000
+11.0%
Restaurant
$800,000
+8.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rockport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,000,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$740,000
Current use
AUTO REPAIR, GARAGE
$820,000
Change: +11% · Conversion: Difficult
RESTAURANT
$800,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$645,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10% · vs last sale $1.10M (Mar 12 2025)
Last sale anchor
$1.10M
Mar 12 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$173 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$11,909
Tax year 2022
Assessed value
$770,800
Assessed 2022
Previous assessed
$770,800
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$92,500
Assessed improvement
$678,300
Applied tax rate
63,660.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
7
Total area
6,114 SF
Lot
2.53 ac (110,207 SF)
APN
ROCT M:027 B:173
UPID
US42-0527368
Jurisdiction
ROCKPORT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$820,000
RESTAURANT
Est. value
$800,000
COMMERCIAL (GENERAL)
Est. value
$645,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
7
Lot
2.53 ac
Current owner
From public records · entity-resolved
Fox Rdg Office Owner LLC
Entity
Mailing address
247 COMMERCIAL ST, ROCKPORT, ME 04856-5909
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
$1,100,000
Fox Rdg Office Owner LLC
Fox Ridge Office Park LLC
Deed
$1,450,000 · Megunticook Seller Re
Nov 20, 2019
—
Fox Ridge Office Park LLC
—
Deed
related
$127,480 · Camden National Bank
Jul 5, 2017
—
Fox Ridge Office Park LLC
—
Deed
related
$540,000 · Camden National Bank
Feb 26, 2007
—
Fox Ridge Office Park LLC
—
Deed Of Trust
related
$1,050,000 · Union Trust Co
Oct 26, 2006
—
Fox Ridge Office Park LLC
—
Deed Of Trust
related
$1,800,000 · Flash Island INC
Oct 20, 2005
—
Joseph M Cloutier
—
Deed Of Trust
related
$121,200 · Camden National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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